Announcement #99 BTC55W and S15 redemption open now

Updated on 28 July 2020

Dear Hashnest Users,

Thank you so much for your patience. Today we would like to share the details about BTC55W and S15 redemption plan with you. And some good news about BTC40W token.

BTC40W Token Upgrade

We will stop sales and operation of BTC40W tokens and upgrade all 40W tokens to S19 hashrates (power consumption is 38.5W/T ).  Every one BTC40W token will be exchanged to 1TH/s of S19. We will upgrade for all users in system, no action is required.

BTC55W Token 

Due to mining difficulties and halving of BTC, the payout of BTC55W has been less than maintenance fee for a period of ten continuous days from 27 June 2020. Now we stop the sales of BTC55W tokens, but operations are still running. Hashnest hereby offers the below options to users who have purchased BTC55W tokens.

1. Continue to mine, as BTC has surged recently, the payout of BCT55W has been restored. No action is required on your end.
2. Repurchase tokens @ 5 USDT/THS. Users need to place your sell orders in our market, we will buy back at 5 USDT/THS. Your order is successful when asking price matches our bidding price. You will see USDT credited and your tokens deducted in your account as soon as the order is successful. You can withdraw or trade anytime.
3. Exchange one BTC55W token to 7 Lucky Coin, one Lucky Coin equals one USDT. You can use Lucky Coins to buy all mining contracts from our shop, Electricity Prepaid Card (kWH) or lucky number in our Lucky.app.
4. Exchange BTC55W token to partial hashrates of Antminer S19, four BTC55W tokens can exchange 1TH/s S19 hashrate. If you have tokens less than four, you are not eligible to exchange S19 hashrates, please refer to another three options.

Antminer S15 Contract

Now we stop the sales and operations of S15. Hashnest hereby offers the below options to users who have purchased S15 contracts. 

1. Repurchase tokens @ 3 USDT/THS. Users need to place your sell orders in our market, we will buy back at 3 USDT/THS. Your order is successful when asking price matches our bidding price. You will see USDT credited and your tokens deducted in your account as soon as the order is successful. You can withdraw or trade anytime.
2. Exchange 1TH/s S15 to 4.5 Lucky Coin, one Lucky Coin equals one USDT. You can use Lucky Coins to buy all mining contracts from our shop, Electricity Prepaid Card (kWH) or lucky number in our Lucky.app.
3.  Exchange S15 hashrates to partial hashrates of Antminer S19,  6TH S15 can exchange 1TH/s S19 hashrate. If you have hashrates less than 6TH, you are not eligible to exchange S19 hashrates, please refer to another two options.

• Process of repurchase:

Users need to place your sell orders in our market, we have set the buy orders. Your order will be successful when asking price matches our bidding price. You will see USDT credited and your tokens deducted in your account as soon as the order is successful. You can withdraw or trade anytime.

S15 market: https://www.hashnest.com/hash/market?mid=23

BTC55W market: https://www.hashnest.com/hash/market?mid=27

• Redeem Lucky Coins or S19 hashrates

Please use your account email address to contact us by writing an email to support@hashnest.com and provide below information for a quicker assistance

Hashnest account: xxxx@xxxx

Type: BTC55W/AntS15

Hashrates: XX TH

Exchange: XX Luck Coins / XXTH AntS19 

This plan valid until 1st Sep 2020, HashNest reserves the right of final interpretation for the content herein above.